Mo. Rev. Stat. § 400.2-103

Current with changes from the 2023 Legislative Session
Section 400.2-103 - Definitions and index of definitions
(1) In this article unless the context otherwise requires
(a)"Buyer" means a person who buys or contracts to buy goods.
(b)"Good faith" in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
(c)"Receipt" of goods means taking physical possession of them.
(d)"Seller" means a person who sells or contracts to sell goods.
(2) Other definitions applying to this article or to specified parts thereof, and the sections in which they appear are:

"Acceptance".

Section 400.2-606.

"Banker's credit".

Section 400.2-325.

"Between merchants".

Section 400.2-104.

"Cancellation".

Section 400.2-106(4).

"Commercial unit".

Section 400.2-105.

"Confirmed credit".

Section 400.2-325.

"Conforming to contract".

Section 400.2-106.

"Contract for sale".

Section 400.2-106.

"Cover".

Section 400. 2-712.

"Entrusting".

Section 400.2-403.

"Financing agency".

Section 400.2-104.

"Future goods".

Section 400.2-105.

"Goods".

Section 400.2-105.

"Identification".

Section 400.2-501.

"Installment contract".

Section 400.2-612.

"Letter of credit".

Section 400.2-325.

"Lot".

Section 400.2-105.

"Merchant".

Section 400.2-104.

"Overseas".

Section 400.2-323.

"Person in position of seller".

Section 400.2-707.

"Present sale".

Section 400.2-106.

"Sale".

Section 400.2-106.

"Sale on approval".

Section 400.2-326.

"Sale or return".

Section 400.2-326.

"Termination".

Section 400.2-106.

(3) The following definitions in other articles apply to this article:

"Check".

Section 400.3-104.

"Consignee".

Section 400.7-102.

"Consignor".

Section 400.7-102.

"Consumer goods".

Section 400.9-102.

"Dishonor".

Section 400.3-502.

"Draft".

Section 400.3-104.

(4) In addition article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.

§ 400.2-103, RSMo

L. 1963 p. 503 § 2-103, A.L. 2001 S.B. 288
Effective 7/1/2001